«Bitcoin is yet again acting as a form of digital gold and correlating strongly with the commodity — when there is uncertainty safe
haven assets see a boost,» wrote Hayter in an e-mail to CNBC.
Not exact matches
Gold prices have
seen a steady decline since a 2011 peak as the bull market stretched on and riskier
asset classes found favor over safe
havens.
Gold has traditionally been
seen as a «safe
haven»
asset by investors — when uncertainty and risk is high, gold seems like a safe bet.
And despite America's spending habits, the greenback is still
seen as a safe
haven whenever financial crises — including ones caused by Americans — hit because most major countries want to maintain the value of their national reserves, which include dollar - denominated
assets.
On the contrary, the safe -
haven asset has
seen a massive drop in investment interest as investors have flocked to profit from rising stock prices.
We
see a wider gap between the prospective returns for safe -
haven and risk
assets, reflected in higher expected returns for equities versus bonds and for non-U.S. equities versus U.S. equities.
We
see risk
assets rallying, safe -
haven assets suffering, the pound getting a boost and market attention turning to the upcoming U.S. presidential election.
These ETFs are
seeing a rise in value, volume, and long positions, suggesting that investors are finally starting to pull away from the U.S. dollar as the safe -
haven asset of choice and towards the more traditional choice — gold.
Investors have also come to
see the currency as something of a safe
haven asset amid geopolitical turmoil — and there's been plenty of that in recent months, in both Europe and the United States.
«Cryptocurrencies are
seen as a safe
haven asset now from global macroeconomic events such as currency devaluation or even events like the «Brexit».»